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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV
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To: ayn rand who wrote (1697)7/14/1998 7:51:00 PM
From: Instock  Read Replies (1) of 2843
 
Ron: I wish you the best of luck with your long position! I shorted WAVO on the GAP up Monday and now Very Happy I did!
WAVO dropped a good deal from it's open Gap Monday then dropped a fair amount today when the Dow was up very strong.
WAVO was as low as 13 3/4 today. Had you shorted Monday, you could have shorted all though the 16 and 15 all day long.

Many people tried to talk me into Shorting EGG as well. I did not like that short. WAVO is proving to be a pretty good short sell and will cont. to be a good one. IMO

I am looking to short sell the stock again tommorow. I did not add to my short position today because of News and a strong Dow. My mistake! WAVO seems to be even weaker then I thought it was.

You may see your mid. 20's, but it will probably have to fill Fridays Gap, or most of the Gap, created Friday at 10 7/8. Once the GAP is filled, things should look Up.
14 7/16 now and looking to fill some, most, maybe All the Gap at 10 7/8.

What you should do, since you are losing cash fairly quick, is short the stock and cover when it reaches near botton. You will earn back some of what you lost getting in so high on the Business Week/CNBC hype.

All of the above, IMO of coarse.

Instock
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